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REGISTERED NUMBER: 09651925 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Zohad Ltd

Zohad Ltd (Registered number: 09651925)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Zohad Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr M D Selvi





REGISTERED OFFICE: 2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR





REGISTERED NUMBER: 09651925 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Zohad Ltd (Registered number: 09651925)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 52,853 28,238
55,853 32,738

CURRENT ASSETS
Stocks 5,987 5,692
Debtors 6 25,926 25,221
Cash at bank and in hand 107,777 218,983
139,690 249,896
CREDITORS
Amounts falling due within one year 7 (93,851 ) (131,512 )
NET CURRENT ASSETS 45,839 118,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,692

151,122

CREDITORS
Amounts falling due after more than one
year

8

(23,373

)

(33,039

)

PROVISIONS FOR LIABILITIES 9 (9,440 ) (4,631 )
NET ASSETS 68,879 113,452

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,779 113,352
SHAREHOLDERS' FUNDS 68,879 113,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Zohad Ltd (Registered number: 09651925)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr M D Selvi - Director


Zohad Ltd (Registered number: 09651925)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Zohad Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance

Computer Equipment - 20% On Cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Zohad Ltd (Registered number: 09651925)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 15,000
AMORTISATION
At 1 July 2022 10,500
Charge for year 1,500
At 30 June 2023 12,000
NET BOOK VALUE
At 30 June 2023 3,000
At 30 June 2022 4,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 7,000 66,723 507 74,230
Additions - 40,032 2,972 43,004
At 30 June 2023 7,000 106,755 3,479 117,234
DEPRECIATION
At 1 July 2022 4,200 41,589 203 45,992
Charge for year 1,400 16,294 695 18,389
At 30 June 2023 5,600 57,883 898 64,381
NET BOOK VALUE
At 30 June 2023 1,400 48,872 2,581 52,853
At 30 June 2022 2,800 25,134 304 28,238

Zohad Ltd (Registered number: 09651925)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payment on Account 2,451 1,701
Amounts owed by group undertakings 23,325 23,325
Prepayments 150 195
25,926 25,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 10,559 21,409
Tax 27,680 59,567
Social security and other taxes 7,924 1,297
Pension 1,175 339
VAT 33,483 35,077
Directors' current accounts 166 854
Accrued expenses 2,216 2,321
93,851 131,512

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-5 years 23,373 33,039

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,440 4,631

Deferred
tax
£   
Balance at 1 July 2022 4,631
Provided during year 4,809
Accelerated capital
allowances
Balance at 30 June 2023 9,440

10. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as 30th June 2023 of £33,000 (2022: £66,000).

Zohad Ltd (Registered number: 09651925)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr M D Selvi
Balance outstanding at start of year (854 ) (141 )
Amounts advanced 120,694 122,862
Amounts repaid (120,006 ) (123,575 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (166 ) (854 )

12. RELATED PARTY DISCLOSURES

ESMER Ltd

A company in which Mr Selvi is a shareholder


As at year ended 30th June 2023 ESMER Ltd owed £23,325 (2022: £23,325) to Zohad Ltd.

2023 2022
£    £   
Amount due from related party at the balance sheet date 23,325 23,325

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M D Selvi.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Zohad Ltd (Registered number: 09651925)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zohad Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Zohad Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zohad Ltd and state those matters that we have agreed to state to the director of Zohad Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zohad Ltd and its director for our work or for this report.

It is your duty to ensure that Zohad Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zohad Ltd. You consider that Zohad Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zohad Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................